$10,000 Closing Credit*
$899,901
4 Beds
•2 Full Baths, 1 Partial
Amim Butt, Listing Office: Keller Williams Premier
Is 08810, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 08810 has remained a Seller's Market.
Key Takeaway
08810 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08810, NJ
How much do homes in 08810, NJ cost?
Median Sold Price
$579,900
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,900(+8.4%)
Key Takeaway
Homes in 08810 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 08810 was $579,900 in October 2024, up 8.4% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $190K | N/A |
| 2 Bedrooms | $357K | $475.8K | +33.3% |
| 3 Bedrooms | $502K | $560.2K | +11.6% |
| 4 Bedrooms | $692.4K | $852.4K | +23.1% |
| 5+ Bedrooms | $1.5M | $991K | -36.1% |
Summary: 08810 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 36.1%.
Housing Supply in 08810, NJ
How many homes are available in 08810, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The 08810 real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 08810 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08810, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 08810 in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 0% were sold at asking, and 89% were sold over asking.
Days on Market for 08810, NJ
How long does it take to sell a home in 08810, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 91 Days | 33 Days | -63.1% |
Summary: Homes in 08810 had an average of 33 days on market in Oct 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08810 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 08810; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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